ESGJ.L vs. IJPE.L
ESGJ.L (Invesco MSCI Japan Universal Screened UCITS ETF USD (Acc)) and IJPE.L (iShares MSCI Japan EUR Hedged UCITS ETF Accumulating) are both Japan Equities funds - ESGJ.L tracks the MSCI Japan Universal Select Business Screens Index while IJPE.L tracks the MSCI Japan Index. Both are passively managed. Over the past 5 years, ESGJ.L returned 9.49%/yr vs 18.17%/yr for IJPE.L. Their correlation of 0.82 suggests significant overlap in exposure. ESGJ.L charges 0.15%/yr vs 0.64%/yr for IJPE.L.
Performance
ESGJ.L vs. IJPE.L - Performance Comparison
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Different Trading Currencies
ESGJ.L is traded in USD, while IJPE.L is traded in EUR. To make them comparable, the IJPE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESGJ.L achieves a 17.08% return, which is significantly higher than IJPE.L's 13.81% return.
ESGJ.L
- 1D
- 1.13%
- 1M
- -0.89%
- 6M
- 10.84%
- YTD
- 17.08%
- 1Y
- 36.09%
- 3Y*
- 19.65%
- 5Y*
- 9.49%
- 10Y*
- —
IJPE.L
- 1D
- -2.41%
- 1M
- -4.81%
- 6M
- 7.70%
- YTD
- 13.81%
- 1Y
- 41.31%
- 3Y*
- 25.49%
- 5Y*
- 18.17%
- 10Y*
- 14.15%
ESGJ.L vs. IJPE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESGJ.L Invesco MSCI Japan Universal Screened UCITS ETF USD (Acc) | 17.08% | 27.11% | 8.02% | 19.45% | -17.71% | -1.77% |
IJPE.L iShares MSCI Japan EUR Hedged UCITS ETF Accumulating | 13.81% | 44.44% | 14.53% | 37.02% | -11.11% | 2.12% |
Correlation
The correlation between ESGJ.L and IJPE.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2021 | 0.82 |
The correlation between ESGJ.L and IJPE.L has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.
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Return for Risk
ESGJ.L vs. IJPE.L — Risk / Return Rank
ESGJ.L
IJPE.L
ESGJ.L vs. IJPE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Japan Universal Screened UCITS ETF USD (Acc) (ESGJ.L) and iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ESGJ.L | IJPE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 3.44 | -0.59 |
| Martin ratioReturn relative to average drawdown | 9.02 | 11.26 | -2.24 |
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Drawdowns
ESGJ.L vs. IJPE.L - Drawdown Comparison
The maximum ESGJ.L drawdown since its inception was -33.20%, smaller than the maximum IJPE.L drawdown of -40.48%. Use the drawdown chart below to compare losses from any high point for ESGJ.L and IJPE.L.
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Drawdown Indicators
| ESGJ.L | IJPE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.20% | -40.48% | +7.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -11.96% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -20.61% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -33.20% | -27.70% | -5.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.48% | — |
Current DrawdownCurrent decline from peak | -2.30% | -6.49% | +4.19% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -11.56% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 3.66% | +0.36% |
Volatility
ESGJ.L vs. IJPE.L - Volatility Comparison
The current volatility for Invesco MSCI Japan Universal Screened UCITS ETF USD (Acc) (ESGJ.L) is 6.67%, while iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) has a volatility of 7.63%. This indicates that ESGJ.L experiences smaller price fluctuations and is considered to be less risky than IJPE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGJ.L | IJPE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 7.63% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 17.62% | 17.88% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.34% | 22.21% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 20.97% | -2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.43% | 19.99% | -1.56% |
ESGJ.L vs. IJPE.L - Expense Ratio Comparison
ESGJ.L has a 0.15% expense ratio, which is lower than IJPE.L's 0.64% expense ratio.
Dividends
ESGJ.L vs. IJPE.L - Dividend Comparison
Neither ESGJ.L nor IJPE.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, ESGJ.L and IJPE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ESGJ.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESGJ.L is cheaper with a 0.15% expense ratio, compared with 0.64% for IJPE.L.
ESGJ.L tracks MSCI Japan Universal Select Business Screens Index, while IJPE.L tracks MSCI Japan Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.15% for ESGJ.L and 0.64% for IJPE.L.
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